Insider Selling: CoreCivic (NYSE:CXW) CFO Sells $108,635.90 in Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 3,170 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $34.27, for a total transaction of $108,635.90. Following the sale, the chief financial officer directly owned 394,444 shares of the company’s stock, valued at $13,517,595.88. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

David Garfinkle also recently made the following trade(s):

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The stock was sold at an average price of $34.03, for a total transaction of $16,708.73.

CoreCivic Stock Performance

CoreCivic stock opened at $32.71 on Friday. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $34.86. The firm’s 50 day simple moving average is $30.30 and its 200-day simple moving average is $23.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $3.23 billion, a P/E ratio of 26.17 and a beta of 0.58.

CoreCivic declared that its board has approved a share repurchase program on Monday, August 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. UBS Group set a $35.00 price target on CoreCivic in a report on Tuesday, July 7th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, JonesTrading restated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic presently has a consensus rating of “Buy” and a consensus target price of $37.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CXW. NBC Securities Inc. grew its holdings in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of CoreCivic in the second quarter worth $52,000. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the fourth quarter worth $57,000. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Key Stories Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 to $0.78 from $0.71, FY2026 to $2.70 from $2.61, and FY2027 to $3.62 from $3.19. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
• Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
• Negative Sentiment: Multiple insiders sold shares: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.